Connecticut Bankruptcy Exemptions

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Like all states, Connecticut has its own set of exemptions that you may use when filing for Chapter 7 or Chapter 13 bankruptcy. Exemptions determine what property (such as a home, car, instrument, retirement account, etc.) you may keep in a Chapter 7 bankruptcy, and how much you must pay to certain creditors in Chapter 13 bankruptcy.

In Connecticut, you may use either the Connecticut state exemptions (listed below), or the federal bankruptcy exemptions (you can find these in Federal Bankruptcy Exemptions). You cannot mix and match from each list. If you choose to use the Connecticut state exemptions, you may also use any applicable amounts in the federal nonbankruptcy exemptions.

Unless noted otherwise, if a couple is married and filing jointly in Connecticut, each spouse may claim the full amount of each exemption. This is informally called “doubling.”

To learn more about bankruptcy exemptions, including how they work, which state exemption system you should use, and special rules for the homestead exemption, see Bankruptcy Exemptions – What Can I Keep When I File for Bankruptcy? 

Connecticut Bankruptcy Exemptions

Unless otherwise noted, all law references are to the Connecticut General Statutes Annotated.

Homestead

52-352b - Owoner-occupied real property, including mobile or manufactured home, up to $75,000. This only applies to claims arising after 1993. In money judgement cases arising out of services provided at a hospital, up to $125,000.

Personal Property

52-321 - Spendthrift trust funds needed for support. Tuition savings accounts.

52-352 - Motor vehicle up to $1,500; food, clothing and health aids; appliances, furniture and bedding; wedding and engagement rings; burial plot; residential utility and security deposits for 1 residence; proceeds for damaged exempt property; transfers made to a licensed debt adjustor.

Wages

52-361a - Minimum 75% of earned but unpaid disposable earnings or 40 times the state or federal minimum hourly wage; the greater of the two amounts will be used.

Pensions

11 U.S.C. § 522 - Tax exempt retirement accounts (including 401(k)s, 403(b)s, profit-sharing and money purchase plans, SEP and SIMPLE IRAs, and defined benefit plans). 

11 U.S.C. § 522(b)(3)(C)(n) - IRAS and Roth IRAs to $1,171,150.

5-171;5-192w - State employees.

7-446 - Municipal employees.

10-183q - Teachers.

52-321a - Medical savings accounts.

52-352b - ERISA-IRAs, Roth IRAs, Keoghs, and other qualified benefits, but only to the extent wages are exempt.

Public Benefits

31-272 & 52-352b - Unemployment compensation.

52-352b - Workers' compensation; veterans' benefits; social security; crime victims' compensation; public assistance.

Tools of Trade

52-352b - Arms, military equipment, uniforms and musical instruments of military personnel; tools, books, instruments and farm animals needed.

Alimony and Child Support

52-352b - Alimony, to extent wages are exempt. Child support.

Insurance

38a-453 - Life insurance proceeds, dividends, interest, or cash or surrender value:

38a-454 - Life insurance proceeds if policy prohibits use to pay creditors.

38a-637 - Fraternal benefit society benefits.

52-352b - Health and disability benefits; disability benefits paid by association for its members; unmatured life insurance policy dividends, interest, or loan value up to $4,000, if the beneficiary is a dependent.

Misc.

52-352d - Farm partnership animals and livestock feed that are required to reasonably run the farm where 50% or more of the partners are from the same family.

Wildcard

52-352(b)r - $1,000 of any property.

Other

Add any applicable Federal Nonbankruptcy Exemptions.

Confirming Exemptions

This list includes the majority of bankruptcy exemptions available in Connecticut. However, it may not include all exemptions, and states often create exceptions to specific exemptions. In addition, Connecticut may have changed the amounts since this list was last updated in June of 2011. Consider cross-checking this list with www.legalconsumer.com, which updates the state exemption amounts regularly, or check with your local bankruptcy court. 

 

 

by: , J.D.

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